Is long-term growth in the agricultural equipment market sustainable?

Despite strong growth in both the agriculture and construction sectors over the past 18 months, fewer equipment companies are optimistic about that growth trend continuing in 2022, particularly given the ongoing issues with inflation, workforce shortages and supply chain disruptions. With costs on the rise across the manufacturing and logistics sectors, is long-term growth in agricultural equipment sustainable?

Benjamin Duyck is the director of market intelligence for the Association of Equipment Manufacturers, an organization representing more than 1,000 North American construction and agriculture equipment manufacturers and their value chain partners. Duyck spoke with Feedstuffs editor Sarah Muirhead about what his organization’s research suggests about the state of the economy, as well as how AEM members feel about the outlook for growth in the industry.

This episode is sponsored by Novus International, Inc. — a leader in poultry, dairy and swine nutrition solutions driven by science. Novus’ products and services look at the whole animal, focusing on productivity and well-being, in order to feed the world affordable and wholesome food.

For more information, visit Novus’s website at www.novusint.com